Tag Archives: marxism
Pope Francis Explains His Reference to “Trickle Down Economy”
via Vatican Insider by ANDREA TORNIELLI : ” The most striking part of the Exhortation was where it refers to an economy that “kills”…
“There is nothing in the Exhortation that cannot be found in the social Doctrine of the Church. I wasn’t speaking from a technical point of view, what I was trying to do was to give a picture of what is going on. The only specific quote I used was the one regarding the “trickle-down theories” which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and social inclusiveness in the world. The promise was that when the glass was full, it would overflow, benefiting the poor. But what happens instead, is that when the glass is full, it magically gets bigger nothing ever comes out for the poor. This was the only reference to a specific theory. I was not, I repeat, speaking from a technical point of view but according to the Church’s social doctrine. This does not mean being a Marxist.”
Where the Angels? – “Greed” Revisited
It’s so good to see Phil Donahue stumped for a retort.
Milton Friedman (1912-2006) in his book “Capitalism and Freedom” advocated minimizing the role of government in a free market as a means of creating political and social freedom. ΛΕΟΝΙΔΑΣ of Eternity Road and Fighting In The Shade says Friedman is a pearl worth sharing. ΛΕΟΝΙΔΑΣ revels in this video clip because:
“It is so devastatingly effective in demolishing one of the most sacred shibboleths of modern leftism that it needs to be resurrected and digested in these times of the ascendancy of the Marxist messiah.”
Who could he mean?
H/T Patrick Joubert Conlon for posting clip
Be Holy! 